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reserve's two day meeting on the economy wraps up. that begins at 2:30 eastern time. >> coming up, the head of immigration and customs enforcement testifies about the release of nearly 2000 immigrants because of budget constraints. the 2014 budget plan put out by chairman paul ryan would balance the budget in 10 years and put in place medicare changes. the chamber should finish work on boating on the measure on wednesday. here is tuesday's debate. mr. ryan: i bring forward and present the budget resolution for the fiscal year 2014. we believe that we owe the american people a responsible balanced budget and that is precisely what we are bringing to the floor today. our budget balances the budget within 10 years and it does so without raising taxes. balancing the budget will help us foster a healthier economy, it will help us create jobs. in fact, two leading economists released a study analyzing our budget and its positive effects on the economy and jobs. in the first year they said it would, quote, boost the economy immediately, increasing both of our economy by a whole percentag
this economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all of that is waiting for congress to get its act together, to get this sequestration out of the way
to share with you some views of the economy from our 54 respo respondents. firming housing prices are a game changer. there is something much more self-feeding about recovery this year. could be a turning point. the objepposite from john rober. we believe a recession/economic slowdown is a possibility in the latter half of 2014 or early in 2015. some of the excesses that could cause a recession are beginning to build in the economy. another piece of data, the biggest problems facing our economy, taxes/regulation, 29%. i would say that's a victory given that europe is not in there for fear of recession is not in there. too much deficit reduction, 16%. slow job growth, 12%. too little deficit reduction, 10%. guys, these are more normal problems, i would say, than we've had in the past. the european financial crisis, u.s. financial crisis. sue, i would take a victory, yes, there are problems out there. >> i totally agree with you. it's the first time in a long time we haven't seen europe on a list like that. >> thank you, steve. >> absolutely. thanks, steve. >> sure. >> the markets h
a negative impact on the national economy and perhaps even the world economy and d think that is the facts are these institutions have become too large. gerri: the administration disagrees with you. but i have to ask you, senator, are the banks simply too big, the major ones, five or six that do business with so many americans in this country. >> doesn't that bring up a whole other issue of if they're too big you can't govern them, you can't punish them, you can't discipline them, maybe that is an issue we have to deal with but that is not the immediate concern. the immediate concern is number one they said they relied on experts. senator brown and i want to know who these expes are. they want to know the judgment bas for which you can't ggt them for criminal activity, but the other things, is it a crime you can be a ceo of a company as opposed to a customer in the bank and violate the law and can't be punished for it. you get to big to jail in that instance. gerri: what the attorney general is saying is moving to a jail would jeopardize the financial syssem and i think everybody has in th
revenues. it would cut waste, add jobs and spur economic growth of the economy. it would reduce the deficit by an additional $1.8 trillion without jeopardizing the recovery or harming the middle class. it includes $1.2 trillion in new revenue obtained not by tax increases but by closing loopholes and eliminating wasteful spending that benefits the wealthiest americans and the largest corporations. it eliminates $4 billion in annual tax breaks to the oil and gas industry, an industry that is making profits. they don't need a tax break. in fact, they're making enormous profits. so, why does the ryan budget give them a government subsidy? the democratic plan invests in infrastructure, education, job training and innovation. it is designed first and foremost to help create jobs and strengthen the economy. the house democratic budget also makes critical investments in our future. $200 billion is invested in infrastructure, education, job training and innovation. helping to create jobs and strengthen the economy. these investments include $80 billion for an education jobs initiative, $50 billion
to the economy, and now we see china trying to grab a piece of the action. what do you think of that? >> well, it shouldn't surprise me. they have invested in the oil sands and in alberta, there's a pipeline in canada. it seems like a natural move for them, but i have to tell you i'm uncomfortable with chinese company, which is probably state owned or at least has state money involved in it, setting up a fuel stations in the united states, at least, i hope they use american equipment and american people to build them. >> it's an open question. i'm sure they will, but, you know, to what degree, because i know a lot of countries had issues with the chinese coming in and making a move on natural resources in their country. do what degree do we oppose that or get in the way of that? what makes sense? what policy should the government pursue, frankly? >> well, if they want to buy them, that's fine, but i permly have a problem with them coming in and buying our land, and they are doing it right now with oil reserves in texas and oklahoma, so i got a problem with it. i just don't know as a free trad
within striking distance of the all-time high. is the economy turning the corner or is at market bubble? >> plus, report hack of the first ladies, vice-president and jay-z, apparently including kanye west, bill gates, and others. a knew travel night mar for folks aboard the carnival dream ship. >> our 401ks are on track for another historic day, continuing a winning streak like, well, we haven't seen in the better part of 16 long years. a live look. there's the big board. on the corner of wall and broad. wow, up 62-points. they do you has been running on all-time high, and news that new unemployment claims fell last week to a five-year low. of course, a lot can change in this final trading hour, but if it stays in the green it would extend the dow's rally to ten days, brand new record high. as i mentioned. just take a look how the dow has taken off this month. wasn't long ago that folks celebrated crossing 14,000, and now it's holding steady 500 points higher than that. charlie joins us here on the set. what's the school in. >> we should point out that 14,000 is where it was in 2007 bef
. but they keep this economy going. if you slow that down and civil dispositions, where the damages are going to be paid to someone who is the victim of a breach of contract, if you are potentially going to cause this because of criminal suits due to delayed, then you are threatening the efficiency of the legal structure. .. president clinton who signed down into the recently wrote the question is whether it is consistent with the principles of the nation that on history to, quality and justice above all and is therefore unconstitutional, and quote. in the time that his pastor 1996, my view along with president clinton and colleagues, their face and makeup of our families herbology for what i think is for the better. those of us in congress, regardless for religion or party represents you in and nothing relationships you wish to have rights granted to a sitting on sitting on the podium today. i cannot in good conscience tell my constituents that their country does not value their bond, their commitment her family. i ask you just to consider my words and thank you again. it's a privilege to ha
economy and our debt and deficit. in the creation of jobs that are so important. senator sessions? you have to know what budget does with regard to directing the closing of loopholes and deductions that occur. the plan in the budget is to spend that money. it actually spends it twice. .ut it spends the money if you but that's damon from the professor on the screen, last in this very hearing room, they said this. for business tax reform, the leading corporate tax rate should be in the mid-20s, made for by getting rid of the hand of government that is distorting business behavior and let is this the business. that was the lead democratic witness here. i asked him to repeat it. so you are sam at the money that you get from closing deductions and making the tax code simpler, which i prefer, should be used to reduce the rates and he said yes. and senator baucus believes that. members of your committee have need toed about the simplify and reduce the rate. but if you spend the money, you get some closing loopholes. how do you reduce rates? this is the kind of logic we need to get into our mi
in a trillion dollars. you would still be left with a deficit and you would wreck the economy. martha: interesting lesson. stuart, thanks very much. we'll be watching it throughout the day as i know you will. let's look at bigger picture of europe's debt crisis. five countries needed bailouts from the european central bank and imf. greece, spain, ireland, portugal as stuart mentioned. germany the fifth biggest. great britain at number eight. france with the 9th largest. italy at number ten. they all shrunk in the last quarter of last year. europe is basically contracting. the eurozone is losing huge numbers of jobs. a record 19 million people are unemployed. it is a tough picture and one we need to watch closely here at home. bill: sure do. no telling when that thing will get straightened out. >>> more rough water for carnival cruise lines. another disabled ship of vacationers, limping back to port. legend arriving yesterday. a leading senator calling for a passenger bill of rights. what would be in that bill? peter doocy live in washington. what would this bill of rights do, peter? >
every word i say for or against me. it's made our life easier and also changed our economy. you go to grocery store today and find machines doing the jobs people once did. one person because of automation can do the work by people used to do. it's the world around us that is changed and had an impact on our people. on our hard-working people, many of seeing jobs wiped out. just been doing 20 years gone overnight. .. to protect the people who are struggling and they don't want want to take in want to take it away from anybody. the vast majority of americans in the hard-working middle class don't want to take away from people that have made. they do want to hurt the people that are trying. they wonder who is fighting for them. who's fighting for the hard-working everyday people who do things right and do not complain that have built this nation? and conservative believers in limited government and free enterprise that that is our challenge in their and the opportunity. to be there for them and by the way i can think of a better call because our hard-working middle-class is one of the
have in our economy and deficit. center sessions? >> i commend senator enzi. you have to know what the budget does in regard to directing the closing of loopholes and deductions. plan in the budget is to spend that money. that is what the plan is. it actually spends a twice. can you put that statement on the screen? i want to call your attention. the lead democratic witness in this a very hearing room said this, for business tax reform, the lead item should be corporate tax rates in the mid- 20s, pay for that by getting rid of government that is distorting business behavior and what business the business. that was the lead democratic witness here. i asked him to repeat that. he said, but the money that you get from closing deductions and making the tax code simpler should be used to reduce the rates -- he said yes. senator baucus believes that. members of your committee have all talked about the need to simplify and reduce the rates, but it will use the money you get from closing the polls, how can you close -- a lower the rates? this is kind of logic that we need to get through ou
a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work. if we do that, we'll be bringing in more revenue. if we've controlled spending and we've got a smart titlement package, then potentially what you have is balance. but it is not ballot backs of the poor, the elderly, the students who need student loans, families who got disabled kids. >> what do you think? how important is a balanced budget in the near term? in the next decade when it comes to the health of the economy? you can weigh in on the "nightline" page. hope you check out gma. more of the president's interview in the morning. see you tomorrow.
the economy is on the mend. initial claims dropped 10,000 lower number than a 350 new filings many were predict brg that came out. scientists strength in the job market could intensify a debate at the fed. uncertain over the economy may be why working moms are looking for full time jobs. a spike in jobs seeking a full time over part time employment. the study found that shift has less to do with career am bigs than current realities. roughly half of the working mothers interviewed said fit hadn't been for the income they'd rather be home with children. >> about one in three american drivers uses his or her cell phone while behind the wheel. is that you? or me, perhaps? >> that is a rate higher than that compared to european drivers sowing shah that 69% of americans talked on mobile phones while driving. 31% read or send text messages. portugal came closest to the united states in talking and texting behind the wheel. >> is it's a big day saturday on the bay meadows race track. that is when the first homes go on sale. today, developers presented the mark next to the urban village will ha
at the department of labor as he is there, he will have a much broader effect on the economy and the way that people work and are employed. >> megyn: as we speak, we are just getting this breaking news in that senator vittert-- senator vitter is coming out and saying he'll block the perez nomination and saying he's committed to doing that and that he was directly involved in the the controversial new black panther voter intimidation case and his record should be met with great suspicion by those in the senate saying in particular his home state of louisiana needs to have cause for concern about the nomination. already begins, chris, thank you. >> yes, ma'am. >> megyn: and again, as we mentioned, mr. perez has been dogged by some controversy throughout his time at the doj, including the testimony he just mentioned to a civil rights commission about his handling of the new black panthers case. again, the inspector general finding that he did mislead when it came to that issue although concluding it was not intentional. that testimony and the background on the controversy are on foxnews.com right now,
tourism economy is such a big deal for shore towns, seaside has vowed to be up and open for business on the boardwalk this coming summer. we are back with our monday making a difference report after this. an extraordinary group on the go setting its sights on helping a lot of kids. >>> finally tonight here we have an uplifting making a difference report. tonight from los angeles where things are now looking a lot better for a lot of kids. that's because of the efforts of some caring folks helping kids whose families can't afford the eyeglasses they need, giving them a chance to see and learn and thrive. our making a difference report tonight from nbc's miguel almaguer. >> reporter: for these kids, this bus is a sight for sore eyes. >> this is going to be exciting. >> who gets to go first? >> reporter: an eye clinic on wheels built by vision to learn that provides free eye exams and glasses to students in low-income communities. >> perfect. don't move. >> reporter: fifth grader dina ventura hasn't seen clearly since kindergarten. dina is one of 34 students getting tested at her school
, we like to see that because it means the economy is doing better. of course, we talk how the federal reserve is playing a role in the rallywell. standing behind the economy and keeping the interest rates low and making sure that we can keep this economy bubbling along. so, every day we're watching this and every day it's going higher, harris. >> so you're sitting at home and not a big time investor. watching your retirement funds, is now a good time to put money in stocks. >> the people we're talking to saying he we could have a retrenchment, 2, 5, maybe more on the big board, the dow stocks and that's an opportunity for people to get back in if we have a pullback, that's what i would wait for. if you've got a long time horizon, be in stocks, you want to make sure you're going to fund your retirement with investments that last over a lifetime, not over 20 minutes or two seconds, like the pros sometimes do, harris. >> gerri willis, thank you very much. libyan authorities reportedly holding a person in custody tonight in connection with the terror attack on the u.s. outpost in benghazi
goals. the coalition drawdown will have an impact on afghanistan's economy which is likely to decline after 2014. in pakistan, the government has made no effort to institute -- this past year, the pakistani armed forces continued operations in tribal areas which have been safe havens for al qaeda and the taliban. pakistan saw fewere domestic attacks from the militant group. violence, corruption and this cretinism in africa will threaten u.s. interests this year -- and extremism in africa will threaten u.s. interests this year. we still see a result conflict between sudan and south sudan, extremist attacks in nigeria, a persistent conflict in central africa. china is supplementing its more invest military capabilities but altering maritime law enforcement to support its claims in the south and east tennessee's. it continues its informations dealing campaigns. russia will continue to resist putting more international pressure on syria or iran and display its sensitivity to missile defense. latin america and caribbean contend with weak institutions and trafficking which pose a threat to
building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebuhl yent, right, the country is growing. usually too excited and there is a dramatic plunge in the economic outlook of a country. but according to the index, once the skyscraper has finally finished, the economy will be climbing back. one world trade center will be america's tallest tower when it is completed next year. and even though americans' confidence in the economy is bad, our new tallest building seems to indicate things are looking up. hey, you know, i know it's just one tower. and sure, it's a rather thin hope. but if thein be detection holds true, america's economy is going to be in a way better place, a lot sooner than anybody thought. anderson cooper starts now. >> erin, thanks. good evening, everyone. a very big night tonight, including the
there. the economies there were slow and germany the fifth biggest. great britain at number eight. france the 9th largest. all shrink shrinking in the last quarter. that is not what you want. entire eurozone by the way losing huge number of jobs. a record 19 million are unemployed. martha: deadly storm causing serious problems across the south. areas of alabama got pummeled with large hail. some of it was the size of baseballs. that is an unusual sight. that is what they had there. high winds causing issues in georgia. thousand people waking up without power there. national weather service say the storm destroyed a store and a dozen homes. look at the wreckage on the ground. one man was killed when the wind topple ad tree on to his car. bill: we had whiteout conditions here in new york city last night and a new round of snow making for a tough commute across the northeast. new england could see the worst of it. that region getting hit with several major storms over the winter. it could get up to 20 inches of snow by the time this storm passs? maria molina live in the fox severe we
people, but the economy, that was a glimpse of the kinds of effects that you could create with a cyberattack. that is why it has our attention. >> that is why individual industries, and given the potential, had preemptive action today. >> senator, i think that this set some standards and goals. we have identified the correct relationships between commercial and private and government. .. i presume that you are seeing huge pressures as naval forces are withdrawn because of budget pressures, but also can you comment on the role of coast guard because even though it's not the jurisdiction i present a place of very large role, too. if the idb to push its in your al because that will degrade. >> i think i plan to grow on their life in that part of the world. we are ensuring that they hip and shoulder to shoulder. as you say with a secret regime, i occupy a seat that is before suitable combatant commanders. we didn't get much that we get just about zero now if sequestration stands. what that translates to his last year we get 150 to 200 tons of cocaine on the high seas, coast gu
sanctions ever. it's having a significant effect. >> on the economy? >> there is the president of the united states saying it could take a year for iran to develop a nuclear weapon. let's discuss what is going on. that's the first time i heard the president give such a specific timeline, within a year or so iran could have a nuclear weapon. that sounds pretty ominous. >> it does sound ominous. what it shows you is what a difficult diplomatic challenge the president has. because they're negotiating with iran through the six-party talks which are taking place in kazakhstan and there the united states has made some offers that are, you know, trying to help iran move to a kind of win-win place. now he is managing the other dimension of this which is israel. he is trying to convince the israelis that he is serious, that he sees that there is not an infinite amount of time, and he said later in the interview all options are on the table. when i say all options i mean military force and we have substantial capabilities. so he's trying to manage the iranian clock as well as the israeli clock. >> so
secretary jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. but newly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own peak tantalizingly close t
are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the sort of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so boehner is say ing the truth. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an imme
the revenue? we'll get it from growth in the economy but if the growth is not going to take place until the years 13, 14, and 15, why not incorporate that in our budget discussions and i really believe we'll find and to build a budget going forward. >> congressman, you say you're optimistic about finding common ground. the white house has egg on its face after a report in the "national journal" that quoted a white house official calling the president's visits to capitol hill a joke. i want to play what jay carney had to say to that yesterday. >> i have no idea who said that but i can tell you that opinion has never been voiced in my presence, in the president's presence, in the west wing. it does not represent the president's view. >> so the president is meeting with house republicans this afternoon. is anyone really taking seriously the outreach that the president is doing? are your colleagues on the hill looking at this and rec fiziogn that the president is trying to engage on a consensus? yes, we are. i don't know who may have said that. but let me say to that person, this ain't no j
the economy going, get jobs back, and i spent hours this week in the budget committee. i'll be going back soon. the budget is on the floor next week. and those will continue to be the issues that i'll put my primary focus on. >> reporter: what do you say to a gay constituent in ohio who says, i'm so glad he changed his position but why did it take him learning that he has a gay son? why didn't he as my representative care about my rights before that? >> well, i would say that, you know, i've had a change of heart based upon a personal experience. that is certainly true. dick cheney i think had a similar experience. i've talked to him, by the way, about this. you know, it wasn't an issue i had given much thought to prior to that. maybe i should have but the reason i got into public service was because of my concern on the economic and budget issues. that's always been my focus. >> reporter: you just walked into the very last question i promise i will ask which was going to be about dick cheney. you said you did talk to him. did you call him for advice because he had a situation very similar? >>
, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses license and registration please. what's this? uhh, it's my geico insurance id card, sir. it's digital, uh, pretty cool right? maybe. you know why i pulled you over today? because i'm a pig driving a convertible? tail light's out.. fix it. digital insurance id cards. just a click away with the geico mobile app. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] from the way the bristles move to the way they clean, once you try an oral-b deep sweep power brush, you'll never go back to a regular manual brush. its three cleaning zones with dynamic power bristles reach between teeth with more brush movements to remove up to 100% more plaque than a regular manual brus
the economy of the united states, not our strategic commands, but atm machines and etc. have you done a calculation of the potential cost of the economy, if someone decided to conduct an intimate attack on our banking system -- and concentrated attack? >> senator, an attack on our bank would be significant. it would have significant impact. if people can't get to their money, the impact of that is huge and you have seen that. we have discussed that. >> yes, we have. >> what i am concerned about is a service attack can accomplish that. it could make it very difficult for people to do online banking and trading and others. so there is a cost if you think about losing amazon, one hour cost $7 million in profit to them. and there is also a cost to accomplish its legislation in that each of our critical infrastructure portions of our industry have different levels of cyberreadiness, if you will. so the banks and the internet service providers are generally pretty good. the power companies are not so good and the government is somewhere in between. so the cost for fixing that is significant
of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue. if we've controlled spending and we've got a smart entitlement package, then potentially what you have is balance, but it's not balance on the backs of the poor, the elderly, students who need student loans, families with disabled kids. that's not the right way to balance our budget. >> a reminder that you can see more of george's interview with president obama tomorrow morning on "gma." >>> today james holmes, the man charged with the movie theater massacre in aurora, colorado, last summer, was in court to enter a plea. here he was, the fiery orange hair gone, as he sat stone-faced. he did not speak. his parents, rarely seen in court, seated behind him. today his lawyers asked for more time before making a plea, but the judge refused, putting in a not guilty plea on behalf of holmes. >>> still ahead here on "world news," a new health alert, a popular antibiotic leads to heart problems, even sudden death. dr. besser tells us when to be concerned and als
to balance the budget and have billions of dollars on the table that could bolster your economy and expand coverage to hundreds of thousands of vulnerable residents. it's hard to turn that down. >> host: next to the wind come a republican in oregon. go ahead. >> caller: in front of me right now i have from white sending me paperwork on health care plan. you are not telling the people what is going to cost them. 2014 will cost $95 per adult, $47.50 per child. $162.50 per child. 34750 per child. after that it chomps for $40,500 to a single person. and that is a bronze and there must be tears to the the coverage nor the costs. we will pass it and then figure out what it means. this is exactly what you're doing i get calls all the time because they know. they are scared because they know they can afford this. you people are telling the people the truth of what is going to cost. >> host: you got that information from senator wyden's office? and you are a dog with a bone. what are you doing? are you organizing people against the affordable care act? >> caller: i have a lot of people ask me what
, an economy onto itself. >> >> back here in 10 minutes, you noticed increasing clouds. there is rain in your future. how much you could get and what areas that will see the most. . >>> tom baker live at hp pavilion with the economic boost the ncaa tournament will provide. >> tom? >> reporter: it could be about $20 million. thanks to the big boost from the ncaa, the shark tank is going to be money in the bank for a lot hoff l of local businesses. >> reporter: they must fit together -- these pieces must fit together in a specific order and they must fit together perfectly. >> just 24 hours ago, we found out which teams would be coming. that, right there, means there is a lot more work that needs to be done between thousand an thursday. >> eight teams, including oregon, unlv, oregon drawing fans from far and wide. >> definitely want to see syracuse. you don't get to see east coast teams play over here. >> price seems not to be a hurdle. >> it's defendnily doable in this market on these dayses. >> reporter: the teams and san jose will be seen by millions throughout television land. >> this is a
. the longest winning streak since 1992. a lot of this is due to signs of an improving economy. yesterday we got a report showing weekly jobless claims fell, and this isn't just the dow. the s&p 500, a much broader index with 500 different stocks instead of 30 in the dow is within two points of its record high. and of course, the fed keeps pumping money into the economy every single month. $85 billion worth of money so there are all of these things lined up to push the dow higher. because of the rally there are a lot more millionaires in this country right now. spectrum group says nearly 400,000 new millionaires were mentioned last year. tally them up and there are 8.9 households with net worth over $1 million. so what's the secret? how did they get there? well, spectrum says these are people who buy stocks, they stayed in the market during the recession when less wealthy investors, people quite frankly in financial turmoil, had to bail out. and remember, warren buffett always says be greedy when ears are fearful and fearful when others are greedy. clearly 400,000 new millionaires minted in the
like chuck todd doesn't understand the economy. he's a political reporter. it's time we separate political reporters from real journalists because they don't understand whaeut what is going on with the ryan budget. we can't have a serious discussion about entitlements if we are truly going to have political reporters hogging up the front pages of what is going on. it's time that editors put the economists, and those reporters, journalists who understand the economy on the front page. jon: paul krugman is an economist an didn't like it. >> he is shoved to the opinion side of reporting. jon: the senate hasn't passed a budget in nearly four years. what happens in washington? you worked on capitol hill, when you don't have a budget what happens? >> they do continuing resolutions and they just keep doing continuing resolutions. the problem is -- you can keep funding the government, that is not the issue. the issue is there is no long-term plan. jon: and there is no benchmark. >> yeah, there is no vision. you have -- you need the president coming out and laying out, here is my long-ter
deficit. >> a promise that this was going to be a race that would raise $1.4 billion in the economy is provide thousands of jobs. that has turned out not to be the case. san francisco taxpayers are getting left holding the bill. >>> he is lobbying ellison through an online pegs drive at causes.com. new this morning san francisco residents could see monthly garbage bills go up by more than 21% starting this summer. the company that collects the garbage is asking for six dollars more a month from the typical household. a set of 32-gallon bins would go up to just under $34 per month. apartment dwellers would pay less. a series of public hearings on the proposal begins next month with a final decision expected by summer. >> this morning pg&e says crews will be venting natural gas from a pipeline in san francisco. people in the kalhollow area may smell gas once the venting begins. police say it will last about 15 minutes. gas service will not be interrupted by the pipeline inspection work. pg&e says anyone concerned about smelling gas can call them and verify the source. the gas should q
skidding by in this tough economy. >> keith ellison, thank you very much for coming in. >> thank you. >> democratic congressman from minnesota. >>> up next, a surprise for president obama. what our latest poll shows about his job approval. >>> then, an insider from the bush white house is spilling the beans about the march to war in iraq ten years ago. the former bush speech writer is here live. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. >>> if there was ever a second term honeymoon, it looks like it's over. president obama's j
talk". the obama economy slowly growing as markets pushed higher. former federal reserve vice chairman and noted princeton economist with us here next. ♪ ♪ lou: well, amidst all today, the housing market showing signs of a robust recovery. a former vice chair of the fed and noted economist alan blinder joins us here tonight to talk about the possibilities of a return to prosperity. and on wall street, the dow jones industrials powering through all those zero lorries to close higher. many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the same number, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest
on the annual event. >> it really brings a lot of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and desc
of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and description. >>> a few light showers
would most certainly collapse. that could potentially threaten other national economies. these things are often domino effects as you know. greg palkot is live in london. what is the latest on this deal, greg. >> reporter: you're right, martha. people are scrambling blink to prevent another way for cyprus to go bankrupt and dragging rest of europe down with it. in the cypriot parliament, not a single member of parliament voted in favor of that plan. this plan could see as much as 10% taken out of private bank accounts to help bankroll that bailout. the vote was seen as a victory for the little guy but yes, now they have to find another way of getting the money. one way of getting the money may be go to moscow with hat in hand. cypriot officials were there today. rich russians taking advantage of lax banking regulations on the sigh land of cyprus invest a lot there. maybe as much as half of the deposits and investments are coming from russia. they're looking now for more loans from russia and maybe there are reports of selling off some things there. a bank. a maybe some energy rights.
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and feel the hamptonality. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> let's get you caught up on some of the other stories we're following. isha is here with the "360" bulletin. >>> day two of the steubenville, ohio rape trial wrapped up a little while ago. two high school football players are accused of raping a 16-year-old girl last summer. now, much of the case is focused on cell phone pictures of the alleged abuse that were circulated in text messages and on social media. >>> hundreds of volunteers and police are searching for a new orleans teacher who vanished almost two weeks ago. the 26-year-old was last seen at a bar celebrating her teacher of the year nomination. >>> anderson, another carnival cruise gone wrong. the company is flying passengers on the "dream" ship back to florida. the ship's generators failed yesterday while it was docked in the caribbean. all the lights went out. some of the toilets stopped working and no one was allowed onshore. you know folks on that ship went not again. >> unb
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' tax and spend, you get the same economy that you've had right now. you're going to lose more of your paycheck which every person working today has. >> all right. so another thing happening at the white house here. the easter egg roll might be spared from this government gridlock. all this started when ticket holders to the annual event were told it could be cancelled if lawmakers cannot agree on a plan to prevent the government from shutting down. this year's easter egg roll set for april 1st. looks like it's going forward as planned. we know it's a fun event. a lot of people look forward to taking their kids, getting tickets. it would be a sad loss especially d.c. kids, folks in the area. how did this happen? >> reporter: i don't know if people would have worried that the easter egg roll, which is a fun day of games and of course the easter egg roll is part of it for the kids i done flow that people would have worried it was going to be canceled except that the white house earlier this month had said it was going to cancel tours of the white house through the end of september to sav
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